Abstract:Classic financial theories are far from the explaining lots of anomalies in real markets.Nevertheless the Econophysics,which is based on nonlinear dynamics,complex system and statistical physics and aims at explaining and modeling these anomalies,has been an important area in financial studies.Firstly,this paper briefly introduces the classic financial theory.Secondly,several anomalies which are accepted generally but can not be explained by classic financial theory are summarized and then the reason of the rising of Econophys_x005fics is proposed.We comment on several key aspects such as the definition,researching content and new evolution of econophysics.Finally,the relationship between the classic financial theory and econophysics is discussed.